Yearly Reports Clause Samples

Yearly Reports. In conjunction with the delivery of the annual presentation of projections or budgets referred to in subsection (c) above, a letter signed by the Chief Executive Officer of Borrower, describing, comparing and analyzing, in reasonable detail, all changes and developments between the anticipated financial results included in such projections or budgets for the prior Fiscal Year and the historical financial statements of Borrower for such prior Fiscal Year.

Yearly Reports. During the terms of this Agreement, each -------------- party shall deliver to the other, within thirty (30) calendar days after the end of each calendar year, a report (a "Yearly Report") certified by its chief financial officer of setting forth the following information: (i) statistical data relating to the performance by it of its agreements hereunder; (ii) statistical data relating to the compliance by it with its exclusivity requirements set forth in Section 3; and (iii) a schedule of every public offering, private placement or other securities offering in which it or any of its Affiliates participated in as an underwriter, placement agent, broker-dealer, selling group member, distributor or otherwise, including whether it acted in the capacity of lead managing or co-managing underwriter (collectively, the "Compliance Statistics").

Yearly Reports. Within 90 days of 31 December 2010 and 31 December 2011, and more often if the Facility Agent reasonably requires, the Guarantor shall submit reports to the Facility Agent on the matters referred to in Clauses 18.1 and 19 of the Facility Agreement. Notwithstanding the suspension of those clauses by the supplemental letter to the Facility Agreement dated 12 August 2010, such reports shall be prepared as if those clauses still applied during the period from 30 June 2010 to 30 June 2012.”; (c) Clause 17.13 of the Facility Agreement shall be amended by inserting “except during the period from 30 June 2010 until, and including, 30 June 2012” after “the third year after the Delivery Date of the first Vessel to be delivered” in the third line of paragraph (a), after “the fifth year after the Delivery Date of the first Vessel” in the third line of paragraph (b) and after “the Final Maturity Date” in the second line of paragraph (c); (d) Clause 18 of the Facility Agreement shall be amended as follows: (i) Clause 18.1 of the Facility Agreement shall be amended by the insertion of “at all times when Clause 18.3 does not apply” after “that” in the first line; (ii) a new Clause 18.3 shall be inserted as follows:

Yearly Reports. During the term of this Agreement, the Reinsured shall deliver to the Reinsurer, within ninety-five (95) calendar days after the end of each calendar year, a report (a "Yearly Report") setting forth (i) its calculation of Aggregate Ultimate Net Losses cumulative to date, (ii) the annual convention statements of the Reinsured as filed hereafter with the appropriate insurance regulatory authority, and (iii) if applicable, a statement of any amount payable by the Reinsurer pursuant to Articles II and IV hereof and a demand for payment of such amount. Paid and outstanding losses including a provision for Incurred But Not Reported losses, contemplating the ultimate valuation of losses and ALAE shall be provided by reserve category, line of business and Accident Year.

Yearly Reports. As soon as available, and in any event within 90 days after the close of each fiscal year of the Company, a copy of the statement of financial condition of the Company as of the close of such fiscal year and statements of income, retained earnings and cash flows of the Company for such period then ended, and accompanying notes thereto, all in reasonable detail showing in comparative form the figures for the previous fiscal year, accompanied by an unqualified opinion thereon of KPMG Peat Marwick or another firm of independent public accountants of recognized national standing, selected by the Company and satisfactory to the Bank, to the effect that the financial statements have been prepared in accordance with GAAP and present fairly in accordance with GAAP the financial condition of the Company as of the close of such fiscal year and the results of operations and cash flows for the fiscal year then ended and that an examination of such accounts in connection with such financial statements has been made in accordance with generally accepted auditing standards and, accordingly, such examination included such tests of the accounting records and such other auditing procedures as were considered necessary in the circumstances;

Yearly Reports. CONCESSIONAIRE covenants and agrees to deliver to COUNTY, no later than the last business day of July of each year of this Agreement, commencing July 2024 a true and correct certified statement of all Gross income for the preceding twelve months, showing separately the receipts from each business, Concession service, or activity conducted pursuant to this Lease, and the amount of Lease fees paid for the same time period. CONCESSIONAIRE must prepare and deliver to COUNTY a similar report within thirty (30) days of any termination of this Lease.

Yearly Reports. In addition to the recordkeeping requirements set forth in the EMMC and the Regulations, Licensee shall provide the City a written report describing the Community Benefits provided by Licensee to the El Monte community and which demonstrate Licensee’s compliance with the commitments set forth in Sections 2.2 and 2.3 of this Agreement (“Annual Report”).

Yearly Reports. The Applicant shall furnish upon request to the State within ninety (90) days of the end of each of the Applicant’s fiscal year(s), or earlier as determined by the Commissioner for each year that this Agreement remains in effect: (1) its balance sheet and the related statement of earnings and retained earnings, including all supporting schedules and comments, all of which shall be prepared by a certified public accountant of recognized standing using, at a minimum, the standards for a “Review” as that term is used in the reporting standards of the American Institute of Certified Public Accountants along with a statement of such accountants that, in making the examination necessary for the preparation of the financial statements required above, they have obtained no knowledge of any default by the Applicant in the performance of the Project or disclosing all defaults of which the accountants have obtained knowledge; and (2) such further financial and other information that the Commissioner may at his discretion require from time to time.

Yearly Reports. The Applicant shall furnish upon request to the State within one hundred twenty (120) days of the end of each of the Applicant’s fiscal year(s), financial statements filed by the SEC.